“The United States is broke — fiscally, morally, intellectually — and the Fed has incited a global currency war Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is.”
Quote by David Stockman
Author
David Stockman
David Stockman, born on November 10, 1946, is a former Director of the Office of Management and Budget in the United States. He has extensive experience in politics and economics and was a key member of President Ronald Reagan's administration in the early 1980s, where he played a significant role in shaping the nation's fiscal policy. more
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